bullyxtreme Chapter 535 Termination of contract at sky-high price
Chapter 535 Termination of contract at sky-high price
In the conference room of Xindai Group, Wu Xia was still negotiating with Cui Zhenrun and others.
"Mr. Cui, needless to say anything else. According to the Lovers Kingdom contract, they have the right to terminate the contract with you. Let's discuss your termination conditions directly."
There was faint anger in Cui Zhenrun's eyes.
He looked at the people in the Kingdom of Lovers.
Although the four little girls in the Kingdom of Lovers were still a little scared, they still mustered up the courage to look at Cui Zhenyun.
Although the Shindai Group is powerful, the Bangziguo Consortium is powerful.
But China's Tiantang Group has a deeper background.
Not to mention Lin Tian, a well-known figure with a name in China's No. 1, Tang Yuchan has a background as great as the sky.
Seeing that it was irreversible, Cui Zhenrun also put away her thoughts of playing emotional cards to retain her, and sat upright and looked at Wu Xia seriously.
"Mr. Wu, Lovers Kingdom has signed a ten-year contract with us, and we still have nearly five years left."
"I know."
"Lovers Nation is the most successful and well-known girl group of our Xindai Group, and it can bring hundreds of millions of dollars in revenue to our Xindai Group every year."
"I know too."
"Lover Kingdom has more than a dozen business endorsements on its head. These are all brought in by our company and signed in the name of the company. Once the contract is terminated, all of them will be compensated."
"I know too."
"The contract Lovers Kingdom signed with us clearly stated that if Party B, that is, they breach the contract, they will pay us ten times the compensation."
"I know better."
"Since Mr. Wu knows, it's easy to explain. If these zeros and zeros are added up, if Lovers Kingdom terminates the contract, I'm afraid your Tiantang Group won't be able to afford the compensation."
Upon hearing this, the four little girls in the Kingdom of Lovers all looked a little desperate.
After all, they are still young. They signed with the Xindai Group at the age of sixteen or seventeen, and are now only in their early twenties.
I didn’t understand or have any idea about these things before.
Now when they heard what Cui Zhenrun said, they realized that terminating the contract was not just as simple as finding a new company.
Wu Xia saw that the mentality of several people was fluctuating, so she shook the hand of Jin Taeyeon who was sitting next to her, and gave them a reassuring look.
"Mr. Cui, let's not talk about high-sounding things. Since we are talking about the contract, let's talk about the contract."
"Your contract is a normal artist contract, but several of you were underage when it was signed. Although according to the laws of Bangzi Country, those over 16 years old can sign the contract, it has special protection. I think you are also aware of this. Yes."
"In addition, the contract stipulates some normal work for artists, but not all the work arranged by Shindai Group for Lovers Kingdom is normal."
Cui Zhenyun said angrily, "Nonsense, how could we arrange abnormal work for them? You are slandering."
wu It’s the court of your Bangzi Kingdom.”
Cui Zhenrun's face was ashen, she didn't expect Wu Xia would dare to say these words.
Although there are many such things in the entertainment industry of their country, almost all female artists have these experiences.
But no one dared to say it on the territory of Bangzi Country.
Because this challenge is the face of the entire Bangzi Kingdom.
Because these funders can be said to represent Bangzi Country itself.
Logically speaking, Wu Xia would not challenge Xindai Group so straightforwardly.
It's just that when reporting to Lin Tian in the past two days, Lin Tian specifically explained it.
If the Shindai Group Lion opens his mouth, it is absolutely impossible.
At worst, they would be embarrassed by a lawsuit. He, Lin Tian, was not afraid of Xindai Group or Bangzi Country.
"Mr. Wu, I must warn you to carefully consider the consequences of what you say."
"I thought it through very clearly. Of course, we came here with sincerity, otherwise we wouldn't be sitting here today."
Cui Zhenrun sneered, "Is this your sincerity?"
"Of course! Since it's a negotiation, it's all negotiable. It's true that Lovers Kingdom's termination of the contract is considered a breach of contract, but your Xindai Group also breached the contract during the performance of the contract. Therefore, I think both parties should sit down and have a good talk to come up with a deal. Come up with a plan that everyone can accept.”
"Don't think of us as being taken advantage of, and don't think of treating us like rabbits that you can manipulate at will."
Cui Zhenrun squinted her eyes and said coldly, "Your Tiantang Group has a relatively strong background in China, but this world is not just China. As far as I know, your Tiantang Group is still entering the film and television industry of Eagle Country. Do you know, Our Xindai Group and even the people behind us have so much power in Eagle Country and other countries. When doing business, it is better to be friendly and make money, Mr. Wu, don’t you think so."
"Mr. Cui is right. Although our Tiantang Group's current strength in other countries is temporarily weaker, our Chairman Lin is very famous. There are also Luya Group and many multinational groups in China. We are also Comprehensive cooperation. So Mr. Cui, you are right when you say that harmony brings wealth. Otherwise, what if one day we have to fight and the Xindai Group collapses?"
"Mr. Wu is too confident."
"I'm just telling some realities."
Cui Zhenrun was silent, feeling dizzy.
If you can't make a hard threat, it's difficult to talk about the contract, and the other party will dare to reveal the shady story about you.
After pondering for a while, Cui Zhenrun said:
"There are also income compensation from the five-year contract and liquidated damages from more than a dozen endorsements. These are indispensable."
"The income is the result of Lovers Kingdom, not the income of Xindai Group, this does not count. There are also endorsements, Lovers Kingdom can continue to perform after joining Tiantang Group."
"No, that's the endorsement of our Xindai Group."
"This contract can be changed."
"you......"
"Now Lovers Kingdom is leaving, and we are willing to take it over. We also sincerely hope that the Xindai Group can release them safely so that everyone can get together and be reunited. We may be able to deepen our cooperation in the future."
Cui Zhenrun was so angry that she wanted to leave directly.
"15 billion U.S. dollars, not even a penny less."
"A billion dollars."
"13 billion, it can't be lower."
"1.5 billion."
"One billion, this is already the cheapest price I can negotiate."
"At most 2 million, we have paid a huge price."
"No, it's too far."
"Then let's file a lawsuit to terminate the contract. If it gets too big, I don't think everyone will look good."
Cui Zhenrun felt so angry that her chest hurt.
In the end, both parties agreed to terminate the contract between Lovers Kingdom and Xindai Group for US$3 million.
This cost will be fully paid by Tiantang Group.
"Mr. Cui, it's a pleasure to cooperate with you. Welcome Mr. Cui to come to China next time. Then Lovers Kingdom and I will treat Mr. Cui to dinner together."
"Hmph. Just do it for yourself! I hope you won't regret it."
"That's why Mr. Cui doesn't have to worry about it."
Cui Zhenrun glanced at several people coldly and turned to leave the conference room.